2. As CNX Nifty Future was down by 0.15 points with Open Interest in Index Futures increasing by 15696, so FIIs have booked profit in shorts and also created fresh longs in Nifty and Bank Nifty Futures.IIP data showed green shots are coming in Indian economy but it also fades the hope of rate cut by RBI

3. NS closed at 5888 after making high of 5925 and low of 5874, The pattern exhibited by Nifty is favoring both Bulls and bears, Let me elaborate From past 2 days Nifty is Opening with a gap above 5900 of 20-30 points but unable to sustain the highs and is eventually dipping and closing below 5900 so Bears are using rise to Sell on highs.

Now Nifty continues to move in a trading range between 5965-5855 but closing with almost small loss which seems more of time correction than an actual price correction. This is encouraging sign for bulls to hold on the defense. So market is poised on a decisive inflection point and lets see who wins in December series.

4. Resistance for Nifty has come up to 5925 and 5954 which needs to be watched closely ,Support now exists at 5874 and 5859.Trend is Buy on Dips till 5825 is not broken on closing basis.

5. Nifty Future December Open Interest Volume is at 2.11 cores with addition of 7.8 lakh in Open Interest, Cost of Carry of NF increased to 15.16. Long addition seen in NF. NF premium has increased 10 points from yesterday close implying market participants are getting bullish.

6. Total Future & Option trading volume was at 1.27 lakh Cores with total contract traded 2.15 lakh, PCR (Put to Call Ratio) at 0.93 and VIX at 14.51. Volumes are lacking with fall in nifty.

8. 5800 Put Option is having Open Interest of 81 lakhs with addition of 2.7 lakhs in OI so firm base is set up at 5800 and 5900 Put Option added 1.81 lakhs with OI at 56 Lakhs so Bulls are under threat as Nifty has closed at 5888.5500-6100 Put Options added 17.22 lakhs in OI.

9. FIIs buying in Equity in tune of 952.75 cores and DII sold 365 cores in cash segment.Indian Rupee ,FII has sold 2340 cores of Stock futures in 9 trading sessions.INR closed at 54.47 Live INR rate @ http://inrliverate.blogspot.in/).

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